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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #32,681
  • May 28, 2012 1:52am May 28, 2012 1:52am
Quoting Likerty
gmt?
00.00
If there was easy money lying around,no one would be forcing it into your
  • #32,682
  • May 28, 2012 2:08am May 28, 2012 2:08am
Can I quickly ask:

Is anyone else getting a problem with attached images and avatars not showing or is this unique to me?
"Don't Panic..."
  • #32,683
  • May 28, 2012 2:09am May 28, 2012 2:09am
Quoting Halifax
Can I quickly ask:

Is anyone else getting a problem with attached images and avatars not showing or is this unique to me?
I thought it was my computer but some avatars are not showing up for me either
  • #32,684
  • May 28, 2012 2:22am May 28, 2012 2:22am
Quoting Halifax
Can I quickly ask:

Is anyone else getting a problem with attached images and avatars not showing or is this unique to me?

It happens during interruption of data Transfer. There is always a client (Your PC with Internet Connection) and Server (FF Server).

FF Server often gets higher load in data transmission during that period things not working as usual (considering you have no problem with your internet connection)
  • #32,685
  • May 28, 2012 2:23am May 28, 2012 2:23am
Quoting rekon67
It happens during interruption of data Transfer. There is always a client (Your PC with Internet Connection) and Server (FF Server).

FF Server often gets higher load in data transmission during that period things not working as usual (considering you have no problem with your internet connection)
Cool FF is a lot more bland when you can't see peoples charts.
"Don't Panic..."
  • #32,686
  • May 28, 2012 2:24am May 28, 2012 2:24am
I can see PipKiller ... not good huh going for long vacation without letting us know
  • #32,687
  • May 28, 2012 2:34am May 28, 2012 2:34am
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Those who say it cannot be done should not interrupt those who are doing it
  • #32,688
  • May 28, 2012 2:39am May 28, 2012 2:39am
Good morning all,

It's going to be a slow grind today. The Bankia issue in Spain is still front and center if you ignore the Greek debacle.

It's nice to see a bit of a correction today as it makes more room for fresh shorts. Today is not necessarily the day to jump in though. I would be more inclined to wait till tomorrow to see if 1.2620/25 area holds. In the meantime, it's going to be thin and choppy.

Not much else to say. American banking holidays can and have produced unpredictable exaggerated moves at times, so don't be surprise4d if we get one (or two) today in either direction.

Trade safe and be well. Tomorrow is key... not today.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,689
  • May 28, 2012 2:46am May 28, 2012 2:46am
Quoting PipTrapper
Tomorrow is key... not today.
.
Attached Image
  • #32,690
  • May 28, 2012 2:58am May 28, 2012 2:58am
Quoting PipTrapper
Good morning all,

It's going to be a slow grind today. The Bankia issue in Spain is still front and center if you ignore the Greek debacle.

It's nice to see a bit of a correction today as it makes more room for fresh shorts. Today is not necessarily the day to jump in though. I would be more inclined to wait till tomorrow to see if 1.2620/25 area holds. In the meantime, it's going to be thin and choppy.

Not much else to say. American banking holidays can and have produced unpredictable exaggerated moves at times, so don't be surprise4d...
Hi, PipTrapper,
I have a quistion for you - I noticed some levels that you put near fibb levels like 78.6, 88.6, 13 - what are these? Why not 76.4 (as opposite to 23.6), and I'v seen other using 11.8, 78.2...
And for extensions - 150 , 200% - or you give more meaning to 161.8, 261.8?
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  • #32,691
  • May 28, 2012 3:16am May 28, 2012 3:16am
Could this be considered QE3?

How will this affect the Euro? I'm curious on everybody's thoughts.


Behind the scenes at the G-8 and NATO summit meetings, some significant decisions were made that will impact over the coming weeks.

The critical decision at the G-8 meeting and several of the bilateral meetings that took place on the sidelines of the Camp David gathering centered on the decision to plunge ahead with the bailout of the European banks in an effort to save the Euro system, with Greece still inside. President Obama is terrified that a financial meltdown of the Euro system will spill over into Wall Street and result in his losing the November elections. Behind the scenes around Camp David, Christine Legarde put the IMF squarely behind a bailout of the European banks, with the full backing of the Federal Reserve and Treasury in the United States to boost the leveraged lending of the European Central Bank (ECB) to prop up the European banks. ECB will take junk bonds and other vastly over-priced assets as collateral for loans to the Spanish, Greek and other European banks. This will offset an additional estimated $500 billion in new write-offs by bondholders of Greek debt.

The bottom line is that if Greece leaves the Euro, the contagion will spread overnight to Spain, Portugal, Ireland, and, perhaps, even Italy. So, the IMF, the Obama Administration and the ECB are all on board to further delay the reality of the financial and banking crisis through hyperinflationary measures. The idea is that the situation will take many months to fully play out, and Obama and his re-election team hope that the system will hold together past the November elections.

In his sideline meeting with new French President Hollande, Obama reached a full agreement on this perpetuation of the Euro. This is an area where Hollande and Merkel will agree to disagree. They both want to defend the Euro, but Hollande will continue to insist that the austerity must be limited and a growth program initiated. This is actually impossible to accomplish, but this is the growing perspective of the Eurosocialists, including Hollande and his colleagues in Germany’s Social Democratic Party (SPD) and the Italian Socialist Party (PSI). A majority of Greek voters are in favor of staying in the Euro, so long as the austerity is reduced.

Hollande will make another effort this week at the European Monetary Union heads of state meeting to push for Eurobonds, as one way to implement this bailout plan. Merkel will likely oppose and block this latest Eurobond argument. The total amount of assets on the books of the US Federal Reserve and the European Central Bank fall far short of the currently estimated 4 trillion euro liability of the European private banks.

This was the single-most important decision taken at the G-8 meeting, and it was a deeply flawed decision that will have severe consequences. For Obama, the crucial question is: Will the consequences hit before or after the November elections in the United States? This may be the deciding factor in the outcome of those elections.

Link: http://www.jsmineset...-harry-schultz/
  • #32,692
  • May 28, 2012 3:21am May 28, 2012 3:21am
hello traders,

Nice to join this pips community. Will be sharing with you all,,
  • #32,693
  • May 28, 2012 3:31am May 28, 2012 3:31am
Quoting Likerty
Hi, PipTrapper,
I have a quistion for you - I noticed some levels that you put near fibb levels like 78.6, 88.6, 13 - what are these? Why not 76.4 (as opposite to 23.6), and I'v seen other using 11.8, 78.2...
And for extensions - 150 , 200% - or you give more meaning to 161.8, 261.8?
In Forex, 78.6% is more significant than 76.4. Don't ask me why... it just is

As for 13 and 88.6, the same applies. Just go on a fibo drawing expedition and you will see that these are key levels.

The 161.8, 261.8, 361.8 and 423.6 extensions are the significant ones because they are key to harmonic patterns. 1.27 is also, but that's more so in an AB=CB pattern so there is no need to use it since an AB=CD pattern jumps right out at you from the screen anyway.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,694
  • May 28, 2012 3:34am May 28, 2012 3:34am
Quoting 100PipsADay
Could this be considered QE3?

How will this affect the Euro? I'm curious on everybody's thoughts.


Behind the scenes at the G-8 and NATO summit meetings, some significant decisions were made that will impact over the coming weeks.

The critical decision at the G-8 meeting and several of the bilateral meetings that took place on the sidelines of the Camp David gathering centered on the decision to plunge ahead with the bailout of the European banks in an effort to save the Euro system, with Greece still inside. President...
This will in all likelihood slow down the collapse of the Euro, but it will not prevent it. You cannot get rid of garbage by spraying deodorizer on it. Eventually the deodorizer wears off and the stench comes back even worse because the rot doesn't stop... it's just temporarily masked.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,695
  • May 28, 2012 3:39am May 28, 2012 3:39am


Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #32,696
  • May 28, 2012 3:40am May 28, 2012 3:40am
what the fek happen with gold? it just shoot up like a rocket
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #32,697
  • May 28, 2012 3:42am May 28, 2012 3:42am
Quoting PipTrapper
This will in all likelihood slow down the collapse of the Euro, but it will not prevent it. You cannot get rid of garbage by spraying deodorizer on it. Eventually the deodorizer wears off and the stench comes back even worse because the rot doesn't stop... it's just temporarily masked.

That was my thinking as well. Longer term the Euro, USD, Yen, are all in pretty bad shape.

Just wonder who will win the race to the bottom!
  • #32,698
  • May 28, 2012 3:42am May 28, 2012 3:42am
Quoting changbachang
what the fek happen with gold? it just shoot up like a rocket
USD Correction.

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Those who say it cannot be done should not interrupt those who are doing it
  • #32,699
  • May 28, 2012 3:42am May 28, 2012 3:42am
oh wait, looks like my broker got bad tick (not Market Maker spike)
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #32,700
  • May 28, 2012 3:45am May 28, 2012 3:45am
Quoting PipTrapper
In Forex, 78.6% is more significant than 76.4. Don't ask me why... it just is

As for 13 and 88.6, the same applies. Just go on a fibo drawing expedition and you will see that these are key levels.

The 161.8, 261.8, 361.8 and 423.6 extensions are the significant ones because they are key to harmonic patterns. 1.27 is also, but that's more so in an AB=CB pattern so there is no need to use it since an AB=CD pattern jumps right out at you from the screen anyway.
Thanks! I will put it in my chest of knowledge
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